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In fact, some people who get a mortgage never work with a broker at all, instead working straight with the mortgage banker from the get-go. Mortgage banker vs. loan officer
While brokers are independent entities able to work with a variety of lenders, loan officers work directly for a particular mortgage lender. A loan officer is the borrower’s primary contact ...
The credit intermediation industry includes commercial banks, savings institutions, and mortgage companies. Loan officers who specialize in consumer loans usually work in offices. Mortgage and commercial loan officers may work outside the office and meet with clients at their homes or businesses. [4]
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.
Using FlexJobs’ list of the 100 top companies with remote jobs, GOBankingRates pinpointed 40 organizations that have offered work-at-home positions. Note that job listings change constantly, and ...
While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.